Latin American immigrants are starting businesses at more than twice the rate of the U.S. population as a whole, a new report from The Wall Street Journal found. Robert Fairlie, an economist who analyzed the census data in The Wall Street Journal’s reporting, joined CBS News to discuss the findings.
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pretty normal. If you have 50.000 dollars left, you do business. If you have 500.000 left, you buy an apartment.
That’s insane
Immigrants open up twice as many hot dog stands as Americans
Yes, this is something I've noticed since coming back to live in New Orleans last November after 10 years in Thailand. The Latinos, from various areas (Honduras, Mexico, Peru, Chile, Cuba, etc.) operate more than half of the businesses in my neighborhood, and many of the businesses are extremely well managed and operated. For example, the Ideal Market – which has far lower prices than Rouse's and fresher, better quality products than Winn Dixie or most local grocery stores. Also, many restaurants, beauty stores, nightclubs, and construction businesses, as well as money transfer and cashier services. They have friendly and quick customer service. The Latinos have a drive and energy lacking among many other Americans now, and they also have a good social ability with people.
In many cases, these Latino and other immigrant businesses step in where existing services by large, established mainstream corporations are deficient. For example, the local McDonalds has very slow service, due to the fact that it does not have sufficient employees to keep the shop clean and serve its customers, and it has turned off local people by trying to get people to use machines to order and pay by bank account, whereas New Orleanians prefer personal service and many people find the machines complicated; also, many immigrants find it easier to pay cash. So the local businesses, such as the Ideal Market, the Palestinian Banks PoBoy shop, and the Vietnamese restaurant, have rushed in to provide fresh, quality food, coffee, etc., with quick service in a clean area.
They also send their profits back to Latin America.
Latin? You mean from Haiti? Or from Madrid?
But meanwhile you preventing America to sustain its own identity & culture. Some places in the U.S are so bad that if you don’t speak Spanish you sh*t out of luck.
Are they counting all the pop up taco carts?
thankful
Our Government isn't American. It's so hard for American born citizens to start a business because we have to work hard and save. But these immigrants are getting funding lol
Latinos for MAGA 🇺🇲
Question:Why is the banks lending money to immigrants?
They were all given large lump sum buisness loans that they do not have to pay back.
Shocked you give them free $ housing no report to ice for 8 years free phones no vetting no vaccination free buss ticket to anywhere in the country on the tax payers $
Finally after 50 years they get recognized
I don’t care. Trump 24❤
Let’s hope they are not living in a dirty shelter to handle food
As long as they have their own social security numbers I'm happy with it. Every citizen's families are immigrants. Thwy have a right to work too.
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